Relevants Transactions
Metroshop III
April 12, 2007
Banco de Valores S.A., acting as trustee and Organizer, has issued two different classes of Peso denominated trust securities for a value of $ 18,498,601.- under Series III Metroshop Financial Trust. The series have been created under he bank’s global
programme for the issuance of trust securities “Secuval”. Metroshop S.A. acted as
trustor and collecting agent. The deal closed on April 12, 2007.
Consubono XII
April 11, 2007
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a total amount of $ 39,349,000.- under Series XII
Consubono financial trust. The trust was created under the bank’s global programme for
the issuance of trust securities “SAENZ”. Lorfin S.A. acted as trustor and Banco Saenz
S.A acted as administrator. Frávega S.A. acted as collecting agent. The deal closed on
April 11 , 2007.
Megabono XX
April 4, 2007
Banco de Valores S.A., acting as trustee, has issued two different classes of Peso
denominated trust securities for a total amount of $ 61,506,937.- under Series XX
Megabono financial trust. The trust was created under the bank’s global programme for
the issuance of trust securities “Secuval”. Electrónica Megatone S.A., Confina S.R.L.,
Confina Santa Fé S.A. acted as trustors and collecting agents. The deal closed on April
4, 2007.
Musimundo III
March 15, 2007
Equity Trust (Company) Argentina S.A., in its capacity of financial trustee, has issued
three different classes of Peso denominated trust securities for a value of $5,959,766.-
under the Series III Musimundo Financial Trust. The series was created under a global
programme named “MUSIMUNDO” for the issuance of trust securities. Entertainment
Depot S.A. acted as trustor and administrative agent and Banco Comafi S.A. acted as
Organizer. The deal closed on March 15, 2007 and the 100% of the trust securities was
placed.
Secubono XXI
March 8, 2007
Banco de Valores S.A., acting as trustee, has issued two different classes of Peso
denominated trust securities for a value of $82,649,541.- under the Series XXI Secubono financial trust. The trust was created under the bank’s global programme for the issuance of the trust securities “SECUVAL”. Carsa S.A. and Credinea S.A. (which are part of the Red Megatone houseware chain) acted as trustors and collecting agents. The deal closed on March 8, 2007 and the 100% of the trust securities was placed.
Garbarino XXXV
February 7, 2007
Banco de Valores S.A., in its capacity as financial trustee, has issued three different
classes of Peso denominated trust securities for a value of $65,251,386.- under the
Garbarino XXXV Financial Trust. The series was created under a global programme for
the issuance of trust securities named “Garbarino”. Garbarino S.A. and Compumundo
S.A. acted as trustors and administrative agents. The deal closed on February 7, 2007
and the 100% of the trust securities was placed.
Tarshop XXIX
February 2, 2007
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $57,932,146.- under Series XXIX Tarjeta
Shopping Financial Trust. The trust was created under the bank’s global program for
the issuance of trust securities “Tarjeta Shopping”. Tashop S.A. acted as trustor and
administrative agent. The deal closed on February 2, 2007.
Confibono XXIII
January 30, 2007
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $48,281,585.- under the Confibono XXIII
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Bazar Avenida S.A.
S.A. y Consumo S.R.L. acted as trustors and collecting agents. The securities were
backed by personal loans granted by the trustors for the acquisition of electric home
devices. The deal closed on January 30, 2007.
Secubono XX
January 25, 2007
Banco de Valores S.A., acting as trustee, has issued two different classes of Peso
denominated trust securities for a value of $ 68,115,625.- under the Secubono XX
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Carsa S.A. and Credinea S.A. (which are part of the Red Megatone houseware chain) acted as trustors and collecting agents. The deal closed on january 25, 2007 and the 100% of the trust securities was placed.
Consubono X
December 26, 2007
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a total amount of $34,388,000.- under the Consubono X
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SAENZ”. Lorfin S.A. acted as trustor and Banco Saenz S.A. acted as administrator. Frávega S.A. acted as collecting agent. The securities were
backed by personal loans granted by the trustor. The deal closed on December 26,
2006.
REGIONAL TRADE Obligaciones Negociables Serie II
December 7, 2006
Regional Trade S.A. acting as issuer, has issued Negotiable Obligations for a total
amount of $3,600,000 . The deal closed on December 7, 2006 and the 100% of the
Negotiable Obligations was placed.
Last year, under the Series I there have been issued Negotiable Obligations for a total
amount of $3,500,000.-
D.A.C.S.A
November 29, 2006
Desarrollo de Acuerdos Comerciales S.A., acting as issuer, has issued Class B ordinary
actions by increasing its Capital through IPO (Initial Public Offering) for a value of $
3,122,459.9 which represents 20% of the total Capital of the Society. This transaction
was of great importance because through this operation the Action PYMES panel of the
Bolsa de Comercio de Buenos Aires (BCBA) was opened for the first time.
The deal closed on November 29, 2006 and the total amount of Actions offered was
placed.
Consubono III
17 de julio de 2006
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a total amount of $ 34.085.200.- under the Consubono
III financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SAENZ”. Lorfin S.A. acted as trustor and Banco Saenz S.A
acted as administrator. Banco de Valores S.A and Compañía Inversora Bursátil S.A.
Sociedad de Bolsa acted as collecting agents. The securities were backed by personal
loans granted by the trustor. The deal closed on July 17 , 2006.
Megabono XV
13 de Julio de 2006
Banco de Valores S.A., acting as trustee, has issued two different classes of Peso
denominated trust securities for a value of $54.273.394.- under the Megabono XV
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Confina Santa Fe
S.A. y Confina S.R.L. acted as trustors and collecting agents. The securities were
backed by personal loans granted by the trustors for the acquisition of electric home
devices. The deal closed on may 13 july, 2006 and the 100% of the trust securities were
placed.
Garbarino XXX
12 de Junio de 2006
Banco de Valores S.A., in its capacity of financial trustee, has issued Peso denominated
trust securities for a value of $ 48.000.288.- under the Garbarino XXX Financial Trust.
The series was created under a global programme for the issuance of trust securities
named “Garbarino”. Garbarino S.A. and Compumundo S.A. acted as trustors and
administrative agents. The deal closed on June 12, 2006 and the 100% of the trust
securities were placed.
CETROGAR I
10 de Junio de 2006
Banco Patagonia S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a total amount of $ 11.143.800 under the CETROGAR I
financial trust. The trust have been created under the bank’s global programme for the
issuance of trust securities “PATAGONIA ASSET BACKED SECURITIES”.
CETROGAR S.A acted as trustor and administrator. The deal closed on June 10, 2006
and 100% of the trust securities were placed the. The securities were backed by personal
and consumer loans granted by the trustor for the acquisition of home devices.
Sociedad Militar “Seguro de Vida” VI
23 de mayo de 2006
Banco de Valores S.A., acting as trustee, has issued one class of Peso denominated
trust securities for a value of $15.000.000.- under the Serie VI Sociedad Militar “Seguro
de Vida” financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Sociedad Militar “Seguro de Vida” acted as
trustor and collecting agent. The securities were backed by personal loans to its
asocciate denominated “Economics aids” granted by the trustor. The deal closed on May
23, 2006 and the 100% of the trust securities were placed.
Tarjeta Privada III
22 de mayo de 2006
Banco de Valores S.A., acting as trustee, has issued two classes of Peso denominated
trust securities for a value of $25.641.026.- under the Serie III Tarjeta Privada financial
trust. The trust was created under the bank’s global programme for the issuance of trust
securities “TARJETA PRIVADA”. Banco Privado de Inversiones S.A. acted as trustor
and administrator. The securities were backed by “MasterCard” and “Visa” credit card
receivables corresponding to selected elegibles accounts issued by the trustor.
The deal closed on May 22, 2006 and the 100% of the trust securities were placed.
Fideicomiso Financiero C&A Serie I
Equity Trust Company (Argentina) S.A. (“Equity Trust”), in its capacity as financial
trustee, has issued Peso denominated trust securities for a value of AR$ 14,681,900
under the C&A Series I Financial Trust. The series was created under the AR$
60,000,000 global program set up by C&A Argentina S.C.S. (“C&A”) for the issuance of
trust securities (the “C&A Global Program”). The series’ trust securities were issued on
July 26, 2006.
Fideicomiso Financiero CFA Serie I
July 22, 2005
ABN AMRO Bank N.V., Argentina Branch (“ABN AMRO”), in its capacity as financial
trustee, has issued Peso denominated trust securities for a value of AR$ 70,000,000
under the CFA Series I Financial Trust. The series was created under the AR$
300,000,000 global program set up by Compañía Financiera Argentina S.A. (“CFA”) for
the issuance of trust securities (the “CFA Global Program”). The series’ trust securities
were issued on July 22, 2005.
Garbarino Serie XXIV
August 22, 2005
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $38.970.6412.- under the Garbarino XXIV Financial Trust.The series was created under a global programme for the issuance of trust securities “Garbarino”. Garbarino and Compumundo acted as trustors and administrative agents. The deal closed on August 22, 2005.
Last year, under the above mentioned programme, four (4) Series have been issued for
a total amount of $102.819.767.-
Banco Piano I
August 19, 2005
Banco Patagonia S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a total amount of $34.999.880 under the Banco Piano I
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “PATAGONIA ASSET BACKKED SECURITIES”. Banco
Piano S.A. acted as trustor and Banco Patagonia S.A. and Patagonia Valores Sociedad
de Bolsa S.A. acted as collecting agents. The securities were backed by personal loans
granted by the trustor. The deal closed on August 19 , 2005.
Meroli III
August 5, 2005
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso denominated trust securities for a value of $4.598.888 under the Meroli Serie III Financial Trust. The trust have been created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Meroli Hogar S.R.L. acted as trustor and collecting agent. The deal closed on August 5, 2005 and the 100% of the trust securities was placed. The securities were backed by personal and consumer loans granted by the trustor for the acquisition of electric home devices.
Megabono IX
August 5, 2005
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $40.678.141 under the Megabono IX financial
trust. The trust was created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Confina Santa Fe S.A. y Confina
S.R.L. acted as trustors and collecting agents. The securities were backed by personal
loans granted by the trustors for the acquisition of electric home devices. The deal
closed on August 5, 2005.
Confibono XI
July 27, 2005
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $30.927.490.- under the Confibono XI
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Confina Santa Fe
S.A. y Confina S.R.L. acted as trustors and collecting agents. The securities were
backed by personal loans granted by the trustors for the acquisition of electric home
devices. The deal closed on July 27, 2005.
Consubond XXXIV
July 12, 2005
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a total amount of $38.096.000 under the Consubond XXXIV financial trust. The trust was created under the bank’s global programme for the issuance of trust securities “CONSUBOND”. Banco Saenz S.A. acted as trustor and Banco de Valores S.A and Compañía Inversora Bursátil S.A. Sociedad de Bolsa acted as collecting agents. The securities were backed by personal loans granted by the trustor. The deal closed on July 12, 2005.
Garbarino Serie XXIII
July 5, 2005
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $37.021.624.- under the Garbarino XXIII Financial Trust. The series was created under a global programme for the issuance of trust securities “Garbarino”. Garbarino and Compumundo acted as trustors and administrative agents.The deal closed on July 5, 2005.
Consubond XXXIII
June 27, 2005.
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso denominated trust securities for a total amount of $33.083.000 under the Consubond XXXIII financial trust. The trust was created under the bank’s global programme for the issuance of trust securities “CONSUBOND”. Banco Saenz S.A. acted as trustor and Banco de Valores S.A and Compañía Inversora Bursátil S.A. Sociedad de Bolsa acted as collecting agents. The securities were backed by personal loans granted by the trustor. The deal closed on June 27, 2005.
Macro Personal V
June 23, 2005
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $70.028.693.- under the Macro Personal V Financial Trust. The series have been created under a global programme for the issuance of trust securities “Fideimac”. Banco Macro Bansud S.A. acted as trustor and administrative
agent. The deal closed on June 23, 2005.
Bonesi VII
June 21, 2005
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $7.114.307.- under the Bonesi VII Financial Trust. The series have been created under a global programme for the issuance of trust securities “Secuval”. Bonesi S.A. acted as trustor and administrative agent. The deal closed on
June 21, 2005.
Confibono X
June 5, 2005
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso denominated trust securities for a value of $29.959.211.- under the Confibono IX financial trust. The trust was created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Confina Santa Fe S.A. y Confina S.R.L. acted as trustors and collecting agents. The securities were
backed by personal loans granted by the trustors for the acquisition of electric home devices. The deal closed on June 5, 2005.
Columbia III
April 29, 2005
Banco Patagonia S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a value of $25.004.906 under the COLUMBIA III Financial Trust. The series was created under a global programme for the issuance of trust securities “Patagonia Asset Backed Securities”. CMR Falabella S.A. acted as trustor and administrative agent. The deal closed on April 29, 2005.
Finansur Prendas I
April 27, 2005
Banco Patagonia S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a total amount of $10.063.585 under the Finansur Prendas I financial trust. The trust was created under the bank’s global programme for the issuance of trust securities “PATAGONIA ASSET BACKED SECIRITIES”. Banco Finansur S.A. acted as trustor and BANCO PATAGONIA S. A. and PATAGONIA VALORES SOC. DE BOLSA S.A. acted as collecting agents. The securities were backed by credits secured by automotive pledge granted by the trustor. The deal closed on April 27, 2005.
Falabella IV
April 26, 2005
Banco Patagonia S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a value of $30.000.000 under the CMR FALABELLA IV Financial Trust. The series was created under a global programme for the issuance of trust securities “Patagonia Asset Backed Securities”. CMR Falabella S.A. acted as trustor and administrative agent. The deal closed on April 26, 2005.
Bonesi VI
February 28, 2005
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $8.870.999.- under the Bonesi VI Financial Trust. The series have been created under a global programme for the issuance of trust securities “Secuval”. Bonesi S.A. acted as trustor and administrative agent. The deal closed on
February 28, 2005.
Megabono VIII
May 10, 2005
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $34.279.784 under the Megabono VIII
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Confina Santa Fe
S.A. y Confina S.R.L. acting as trustors and collecting agents. The securities were
backed by personal loans granted by the trustors for the acquisition of electric home
devices. The deal closed on May 10, 2005.
Consubond XXXII
May 4, 2005
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a total amount of $32.000.000 under the Consubond
XXXII financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “CONSUBOND”. Banco Saenz S.A. acting as trustor and
Banco de Valores S.A and Compañía Inversora Bursátil S.A. Sociedad de Bolsa acting
as collecting agents. The securities were backed by personal loans granted by the
trustor. The deal closed on May 4, 2005.
Garbarino Serie XXII
April 26, 2005
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated
trust securities for a value of $23.280.711.- under the Garbarino XXII Financial Trust.
The series was created under a global programme for the issuance of trust securities
“Garbarino”. Garbarino and Compumundo acting as trustors and administrative agents.
The deal closed on April 26, 2005.
TARSHOP XIV
April 8, 2005
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $34.325.761 under the Tarjeta Shopping XIV
Financial Trust. The revolving series was created under a global programme for the
issuance of trust securities “Tarjeta Shopping”. Tashop S.A. acting as trustor and
administrative agent. The deal closed on April 8, 2005. Last year, under the above
mentioned programme, have been issued five (5) Series for a total amount of
$91.876.069.-
TARSHOP XIII
April 8, 2005
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $19.220.130 under the Tarjeta Shopping XIII
Financial Trust. The not-revolving series was created under a global programme for the
issuance of trust securities “Tarjeta Shopping. Tashop S.A. acting as trustor and
administrative agent. The deal closed on April 8, 2005. Last year, under the above
mentioned programme, have been issued five (5) Series for a total amount of
$91.876.069.-
Secubono VIII
April 4, 2005
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $30.406.095 under the Secubono VIII
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Carsa S.A. and Credinea S.A. (which are part of
the Red Megatone houseware chain) acting as trustors and collecting agents. The deal
closed on April 4, 2005 and were placed the 100% of the trust securities. Last year,
under the above mentioned programme, have been issued five (5) Series for a total
amount of $101.546.163.-
Secubono VII
February 4, 2005
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $25.159.718 under the Secubono VII financial
trust. The trust was created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Carsa S.A. and Credinea S.A. (which are part of the Red
Megatone houseware chain) acting as trustors and collecting agents. The deal closed on February 4, 2005 and were placed the 100% of the trust securities. Last year, under the above mentioned programme, have been issued five (5) Series for a total amount of
$101.546.163.-
Meroli II
February 2, 2005
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso denominated trust securities for a value of $4.862.049 under the Meroli Serie II financial trust. The trust have been created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Meroli Hogar S.R.L. acted as trustor and collecting agent. The deal closed on February 2, 2005 and were placed the 100% of the trust securities. The securities were backed by personal and consumer loans granted by the trustor for the acquisition of electric home devices.
Tarjeta Shopping XII
January 19, 2005.
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $26.504.138 under the Tarjeta Shopping XII
Financial Trust. The not-revolving series was created under a global programme for the
issuance of trust securities “Tarjeta Shopping. Tashop S.A. acting as trustor and
administrative agent. The deal closed on January 19, 2005. Last year, under the above
mentioned programme, have been issued five (5) Series for a total amount of
$91.876.069.-
CONSUBOND XXIX
January 11, 2005.
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $36.060.000 under the Consubond XXIX
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “CONSUBOND”. Banco Saenz S.A. acting as trustor and
Banco de Valores S.A and Compañía Inversora Bursátil S.A. Sociedad de Bolsa acting
as collecting agents. The securities were backed by personal loans granted by the
trustor. The deal closed on January 11, 2005.
Confibono VIII
December 28, 2004
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $21.199.045 under the Confibono VIII
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Confina Santa Fe
S.A. y Confina S.R.L. acting as trustors and collecting agents. The securities were
backed by personal loans granted by the trustors for the acquisition of electric home
devices. The deal closed on December 28, 2004.
Garbarino XX
December 22, 2004
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $23.280.711.- under the Garbarino XXI Financial Trust. The series was created under a global programme for the issuance of trust securities “Garbarino”. Garbarino and Compumundo acting as trustors and administrative agents.
The deal closed on December 22, 2004.
Tarshop XI
December 20, 2004
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $16.356.018 under the Tarjeta Shopping XI
Financial Trust. The not-revolving series was created under a global programme for the
issuance of trust securities “Tarjeta Shopping. Tashop S.A. acting as trustor and
administrative agent. The deal closed on December 20, 2004. Last year, under the
above mentioned programme, have been issued five (5) Series for a total amount of
$91.876.069.-
Secubono VI
December 10, 2004
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $25.585.522 under the Secubono VI financial
trust. The trust was created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Carsa S.A. and Credinea S.A. (which are part of the Red
Megatone houseware chain) acting as trustors and collecting agents. The deal closed on December 10, 2004 and were placed the 100% of the trust securities. Last year, under the above mentioned programme, have been issued five (5) Series for a total amount of $101.546.163.-
Megabono VI
December 6, 2004
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $27.920.957 under the Megabono VI financial
trust. The trust was created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Confina Santa Fe S.A. y Confina
S.R.L. acting as trustors and collecting agents. The securities were backed by personal
loans granted by the trustors for the acquisition of electric home devices. The deal
closed on December 6, 2004.
CB XXII
November 30, 2004
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $37.685.000 under the Consubond XXVIII
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “CONSUBOND”. Banco Saenz S.A. acting as trustor and
Banco de Valores S.A and Compañía Inversora Bursátil S.A. Sociedad de Bolsa acting
as collecting agents. The securities were backed by personal loans granted by the
trustor. The deal closed on November 30, 2004.
Bonesi V
November 26, 2004
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $7.390.030.- under the Bonesi V Financial Trust. The series have been created under a global programme for the issuance of trust securities “Secuval”. Bonesi S.A. acting as trustor and administrative agent. The deal closed on November 26, 2004.
Secubono V
October 1st 2004
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a value of $21.771.476 under the Secubono V financial
trust. The trust was created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Carsa S.A. and Credinea S.A. (which are part of the Red
Megatone houseware chain) acted as trustors and collecting agents.
Falabella II
September 30, 2004.
Banco Patagonia Sudameris S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a value of $20.864.844,51 under the CMR
FALABELLA II Financial Trust. The series was created under a global programme for the
issuance of trust securities “Patagonia Sudameris Asset Backed Securities”. CMR
Falabella S.A. acted as trustor and administrative agent.
Tarjeta Shopping IX
September 27, 2004.
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso
denominated trust securities for a value of $12.500.747 under the Tarjeta Shopping IX
Financial Trust. The series was created under a global programme for the issuance of
trust securities “Tarjeta Shopping” and is the first not-revolving Series created under the
programme. Tashop S.A. acted as trustor and administrative agent.
Meroli
September 24, 2004
Banco de Valores S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a value of $3.680.188 under the Meroli Serie I financial trust. The trust have been created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Meroli Hogar S.R.L. acted as trustor and collecting agent.
Megabono V
September 13, 2004
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso denominated trust securities for a value of $30.268.960.-under the Megabono V financial trust. The trust have been created under the bank’s global programme for the issuance of trust securities “SECUVAL”. Electrónica Megatone S.A., Confina Santa Fe S.A. y Confina S.R.L. acted as trustors and collecting agents.
Fideiagro
September 3rd 2004
HSBC Bank Argentina S.A., in its capacity as financial trustee, has issued two classes
dollar denominated trust securities for a value of US$ $4.000.000 -under the Fideiagro
2009 Financial Trust.
Garbarino XVIII
August 27th, 2004
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $37.310.860.-under the Garbarino XVIII Financial Trust.
The series was created under a global programme for the issuance of trust securities
“Garbarino”. Garbarino and Compumundo acted as trustors and administrative agents.
Bonesi IV
August 22nd, 2004.
Banco de Valores S.A., in its capacity as financial trustee, has issued Peso denominated trust securities for a value of $4.057.349 .-under the Bonesi IV Financial Trust. The series have been created under a global programme for the issuance of trust securities “Secuval”. Bonesi S.A. acted as trustor and administrative agent.
Business Alliance between SanCor Cooperativas Unidas Limitada and Dairy Partners Americas Argentina S.A.
July and August 2004
SanCor Cooperativas Unidas Limitada (SanCor) and Dairy Partners Americas Argentina S.A. (DPAA) created a Joint Venture ("Unión Transitoria de Empresas") for the production, distribution and commercialization in Argentina of yogurt, fresh cheese (ricotta, petit suisse and cream cheese), fermented milk, custards, deserts and fluid and flavored milks.
Banco Patagonia Sudameris S.A.,
July 22, 2004
Banco Patagonia Sudameris S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a value of $15.000.000 under the Tarjeta Nevada I Financial Trust. The series was created under a global programme for the issuance of trust securities “Patagonia Sudameris Asset Backed Securities”. Tarjetas Cuyanas S.A. acted as trustor and administrative agent. The deal closed on July 22nd, 2004.
Banco de Valores S.A
July 13, 2004
Banco de Valores S.A., acting as trustee, has issued Peso denominated trust securities for a value of $12.000.000 under the SMSV I Financial Trust. The series was created under a global programme for the issuance of trust securities “Secuval”. Sociedad Militar Seguro de Vida acted as trustor and administrative agent. The deal closed on July 13th, 2004.
Banco de Valores S .A
July 7, 2004
Banco de Valores S .A., acting as trus tee, has issued three different classes of Peso
denominated trust securities for a value of $21.053.575 under the S ecubono IV
financial trust. The trust was created under the bank’s global programme for the
issuance of trust securities “SECUVAL”. Carsa S.A. and Credinea S .A. (which are part
of the Red Megatone houseware chain) acted as trus tors and collecting agents. The
deal closed on July 7th, 2004 and were placed the 100% of the trust securities.
Fideicomiso Financiero AES
June 8, 2004
Banco de Valores S.A., acting as trustee, has issued Peso denominated trust securities for a value of $35.376.300 under the Fideicomsio Financiero AES Generación Argentina I (the "Trust"). The trust was created under the bank's global programme for the issuance of trust securities "SECUVAL". Aes Juramento S.A., Aes Alicura S.A. and Central Térmica San Nicolás S.A., acted as trustors and collecting agents. The deal closed on June 8th, 2004.
Megabono IV
June 7, 2004
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso denominated trust securities for a value of $19.661.426 under the Megabono IV financial trust. The trust was created under the bank's global programme for the issuance of trust securities "SECUVAL". Electrónica Megatone S.A., Confina Santa Fe S.A. y Confina S.R.L. acted as trustors and collecting agents. The placement period ended on June 7th, 2004 and were placed the 100% of the trust securities. The securities were backed by personal loans granted by the trustors for the acquisition of electric home devices.
Confibono IV
(May, 2004)
Banco de Valores S.A., acting as trustee, has issued four different classes of Peso
denominated trust securities for a value of $14.542.858 under the Confibono IV
Financial Trust (the “Trust”). The Trust was created under the bank’s global
programme for the issuance of trust securities “SECUVAL”. Bazar Avenida S.A.
and Consumo S.R.L. acted as trustors and collecting agents.
Movinord and Phonex Isocor S.A. signed a joint venture agreement in order to expand Movinord´s distribution network in South America.
(April, 2004)
On April, 2004 Movinord (a Spanish Corporation) and Phonex Isocor S.A. signed a joint venture agreement in order to expand Movinord´s distribution network in South America.
Banco Patagonia Sudameris S. A.
(April, 2004)
Banco Patagonia Sudameris S.A., acting as trustee, has issued three different classes of Peso denominated trust securities for a value of $13.408.806 under the CMR
FALABELLA I Financial Trust. The series was created under a global programme for the
issuance of trust securities “Sudameris Asset Backed Securities”. CMR Falabella S.A. acted as trustor and administrative agent. The deal closed on April 21st, 2004 and
pricing was set at the lowest yield during this year for this kind of transactions (Class A certificate YTM 4% and Class B certificate YTM 7,37%).
Sociéte Générale. S. A.
(March, 2004)
Sociéte Générale S .A., acting as trustee, has issued three different clas ses of Peso denominated trust securities for a value of $30 million under the Banex Créditos IV
Financial Trus t. The Series was created under a global programme for the issuance of
trust securities “Banex As set Backed Secur ities ”. Banco Banex S.A. acted as trustor, administrative agent and placement agent. The deal closed on March 19th. The
placement period ended on March 31s t 2004, being placed the 100% of the trust
securities .
Sociéte Générale S. A.
(December, 2003)
Sociéte Générale S .A., acting as trustee, has is sued three different clas ses of Peso denominated trust securities for a value of $30 million under the Banex Series I
Asset Backed Secur ities Financial Trust. The Series was created under a global
programme for the issuance of trust securities “Banex As set Backed S ecur ities ”.
Banco Banex S.A. acted as trustor, administrative agent and placement agent. The
deal closed on December 15, 2003.
Milestone Argentine restructuring completed by Loma Negra out of court (September, 2003).
Summary: Nicholson y Cano advise Pension funds in what Argentine financial newspaper INFOBAE has described as a "potential milestone and leading case in the restructuring of debt of companies in default", leading local cement producer Loma Negra CIASA has successfully restructured 100 per cent of its financial unsecured debt, amounting to US$400 million. The transaction was closed on September 5.
Mortgage bank starts restructuring process with local exchange offer
(August, 2003)
Summary: Argentine mortgage bank Banco Hipotecario SA has launched an exchange offer for its local capital market debt, as the initial step in a restructuring process that will encompass more than US$1.1 billion of debt held in the United States, Italy and other international markets. The offer was launched on August 14. Citigroup and ABN Amro are acting as financial advisors to the Bank. The advisors are taking Argentine counsel from Nicholson y Cano, through partner Marcelo Villegas, and associates Eugenio Bruno, Gabriela Mihanovich and Emiliano Silva. They are being advised in the US by Cleary Gottlieb Steen and Hamilton, through partner David Lopez and associate David Parish.
Swift sale of credit card business to Argentine bank
(January, 2003).
Summary: Argentine bank Banco Comafi SA (BCS) has acquired the credit cards business of Providian Bank SA (PBS) and its parent company Providian Financial SA (PFB) for approximately Ar$35 million (US$13.45 million). The transaction closed on 11 December, only two weeks after it was initiated. Nicholson y Cano provided legal assistance to Comafi with a team led by partner Villegas and including partner Mario Kenny and associates Emiliano Silva, María Fraguas and Agustín Waisman.
IEBA Chapter 11: Bankruptcy Proceedure
(June, 2003)
PanAm Energy issues fixed-rate notes in Argentina
(December, 2002)
Summary: The Argentine branch of Pan American Energy LLC has issued guaranteed fixed rate notes to the value of US$15.5 million. The transaction was closed on November. Nicholson y Cano Abogados acted as legal counsel through partner Mario Kenny and associates Felipe Hughes.
BH Closing
On January 14th, Banco Hipotecario S.A. (the “Bank”)completed the exchange of its
Series 1 10% Notes Due 2003, Series 3 10.625% Notes Due 2006, Series 4 13%
Notes Due 2008, Series 6 12.25% Notes Due 2002, Series 16 12.625% Notes Due
2003, Series 17 9% Notes Due 2002, Series 22 8.75% Notes Due 2002, Series 23
10.75% Notes Due 2004, Series 24 9% Notes Due 2005 and Series 25 8% Notes Due
2005 (the “Existing Notes”) for new notes and cash.
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